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After three years of negative balance, the current account has returned to a green zone riding on greater negative growth in
import compared to export along with additional support from higher inflow of remittance, backed by cash incentive. The net
sales of national savings certificate has plummeted by 51.8% compared to last year due to automation and taxation reforms.
This is a positive development as it will have favorable impact on the weighted average cost of fund for the government.

 

Read the full report here.

Categories: Economy

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